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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private...
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. >> he was dishonest when he said he never proposed $5 trillion in tax cuts, that was dishonest. you said on the broadcast to 70 million americans, i will repeal obama care, but i will still be able to cover people with pre-existing conditions. ten minutes after the debate sent he someone into the pressroom to say he really didn't mean that. >> reporter: ed gillespie, cop adviser of the romney campaign, eshlsly accusing the obama campaign of being sore losers on abc this morning. he compared them to 7-year-olds that lost the checkers game and cleared the board off the table. fredricka. >> let's talk about the president's plans. he'll be returning to ohio. he spent a lot of time in that swing state feeling that it's particularly vital, much more vital than other swing states like, say, florida? >> reporter: it really is. i mean, in order to win the white house, you really have to be able to win ohio. this is key for the president. i've said this now for quite some time. if you want to know the states critical it to winning the white house or regaining the white house, look at the
. >> he was dishonest when he said he never proposed $5 trillion in tax cuts, that was dishonest. you said on the broadcast to 70 million americans, i will repeal obama care, but i will still be able to cover people with pre-existing conditions. ten minutes after the debate sent he someone into the pressroom to say he really didn't mean that. >> reporter: ed gillespie, cop adviser of the romney campaign, eshlsly accusing the obama campaign of being sore losers on abc this morning....
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, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why not? they're creating a country of aful overlords and 300 million serfs, peasants. are you optimistic? will the middle class start rolling, bouncing back again? >> i'd like to say yes, i'm hopeful. but i think it really is going to -- i think this is going to take time and i think it is going to come down a lot to policies and regulations and what our tax structure looks like moving forward. i think it will come down to the political elections as well and what americans see for their future. >> morgan brennan, thank you. i'll go with you on the glass
, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why...
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the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect anything to happen until after the election on november 6th. it's going to come down the wire. the big worry is that we could go into a recession if congress doesn't get their act together in time. >> even if we don't fall off a fiscal cliff, there's a chance that at least some of the tax increases will go into effect. >> exactly. some taxes could still go up even if congress avoid a full fiscal cliff. a good example is the payroll tax credit. expect that to expire no matter what. the reality is there's no champion behind it. the white ho
the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect...
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. >> i think he was dishonest, absolutely, when he said he never proposed $5 trillion in tax cuts. that was dishonest. he said on the broadcast to 70 million americans, i will repeal obama care but i will still be able to cover people with pre-existing conditions and ten minutes after the debate he sent someone into the press room to say he really didn't mean that. >> reporter: now, ed gillespie, one of mitt romney's top advisers, suggested that the obama campaign was a sore loser. he suggested that they were acting like 7-year-olds who had lost a checkers game and had cleared the entire board off the table, don. >> yeah, no one -- none of them answer the question, at least i didn't hear b why the president didn't say what they're saying now in these interviews, why he didn't do it at the time, and that's the big question. thank you, dan lothian, in los angeles. >>> in four days the vice presidential candidates will go head to head. their job as one strategist put it, do no harm. >> i can see my wife, and i think she's thinking, gee, i wish he had go out to the private sector. >> i
. >> i think he was dishonest, absolutely, when he said he never proposed $5 trillion in tax cuts. that was dishonest. he said on the broadcast to 70 million americans, i will repeal obama care but i will still be able to cover people with pre-existing conditions and ten minutes after the debate he sent someone into the press room to say he really didn't mean that. >> reporter: now, ed gillespie, one of mitt romney's top advisers, suggested that the obama campaign was a sore loser....
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the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would ta me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income is subject to taxation so you can lower tax rates. that's where we begin. where we go is by denying those deductions and loopholes to higher income people, which allows us to lower tax rates for everybody across the board and still afford important preferences for the middle class taxpayers. >> there you have paul ryan on taxes. we expect some of the comments to pop up come wednesday night during the debate in denver, the very first presidential debate here of this election season. and i want to go to chief white house correspondent jessica yelli
the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would ta me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income is...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> less than a month away now before election day. and how can we forget political ads, they remind us each and evy hour on the hour what is happening now. with barack obama and mitt romney had to spend hundreds of millions of dollars to define themselves for us while, of course, vilifying the other. that's why when i draw your attention to this documentary, that airs tomorrow night, on pbs, it is from the folks who bring us front line. here is just a preview. >> i got my start as a community organizer. >> i know how the private sector works. i know how jobs come. i know how they go. >> for years, these two men have been telling us their stories. >> he keeps a lot of his views to himself. >> he knows that every step he takes is a potential land mine. >> people have great respect for obama and will still say
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> less than a month away now before election day. and how can we forget political ads, they remind us each and evy hour on the hour what is happening now. with barack obama and mitt romney had to spend...
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struggling over the last four years or that he wants to raise the obama administration wants to raise taxes by over a trillion dollars. this is the joe biden we want. joe biden has to be careful about going too hard at paul ryan because of just that, because of the gaffes and because he can look over bearing, and paul, a lot is riding on paul ryan, and we want to keep that momentum going from that first debate, and he has to be careful not to get into the weeds of some of these policies. >> i know. he tends to be quite wonkish at times and people listen and say what? >> well, that's right. it is important that ryan stick with the big picture and go after biden on the rising debt and our sky rocketed unemployment and talk about the failed last four years as opposed to being trying to get trapped in some of the bieden spiderwebs that he will try to weave. >> it appears that joe biden is really taking this seriously because the democrats don't want to repeat of the first debate, right? joe biden apparently has taken six days off and practicing, practicing, practicing, especially with zingers.
struggling over the last four years or that he wants to raise the obama administration wants to raise taxes by over a trillion dollars. this is the joe biden we want. joe biden has to be careful about going too hard at paul ryan because of just that, because of the gaffes and because he can look over bearing, and paul, a lot is riding on paul ryan, and we want to keep that momentum going from that first debate, and he has to be careful not to get into the weeds of some of these policies....